STAGE 2: VALIDATE THAT IDEA!

  1. Watch the next instructional video.
  2. Each person chooses their best idea.
  3. Each person pitches that single idea to the rest of their team using the video conferencing tool.
  4. When everyone’s idea has been heard, the team will vote on which idea or combination of ideas will move forward for validation.
  5. One team member will use The Validate Guide (below) as a format to flesh out their idea.
  6. Fill out the 3 questions on the guide.

YOUR VALIDATE GUIDE

Write it down on a piece of paper.

PURPOSE

How will your idea make a difference in the world?

HOW

How can you make your idea come to life?

BUSINESS MODEL

How will it generate revenue and make a profit from your idea?

SAMPLE IDEA

Object Card: Backpack

Tech Card: Fitness Tracker

Data Card: Social Networks

PURPOSE

Having a smart backpack means that friends and colleagues can enjoy fun activities together like leagues, all while getting fit and staying healthy.

HOW

Firstly, we will need to source a good quality backpack from a reliable manufacturer. We will also do research and development on a fitness app.

BUSINESS MODEL

We will price our smart object accordingly so that and make a profit.

LET'S GET PITCHING

Choose one person from your team to pitch.

That person will have 60 seconds to sell to the rest of the group in the Final Investor Stage.